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ANZ Banking Group is not expected to cut its interest rates by 0.5 per cent in May despite posting a record profit of almost $3 billion in six months. Chief executive Mike Smith on Wednesday refuse..
Origin Energy has struck a deal to supply gas to a joint venture of major energy suppliers. Origin on Wednesday said it would supply 365 petajoules (PJe) of gas over 10 years from 2015 to GLNG, whi..
A better-than-expected read on US manufacturing in April and encouraging construction data drove Wall Street shares higher Tuesday as traders shrugged off some poor earnings reports. Profit taking ..
Stocks to watch on the Australian stock exchange on Wednesday, May 2 ALS - ALESCO CORPORATION LTD - up 60 cents, or 42.86 per cenb, at $2.00 DLX - DULUX GROUP LTD - down 13 cents at $2.97 Dul..
The Australian dollar is more than one US cent lower after the central bank surprised markets with a 50 basis point interest rate cut. At 1700 AEST on Tuesday, the currency was trading at 103.24 US..
The Australian share market lifted to a nine-month high after the central bank surprised investors with a bigger than expected interest rate. The cut took the cash rate to its lowest level since de..
Woodside Petroleum has struck a $US2 billion ($A1.92 billion) deal to sell part of its stake in the Browse gas project to Japan's Mitsubishi Corporation and Mitsui & Co. The Japanese companies ..
The Reserve Bank of Australia has paved the way for interest rate relief for home owners by slashing the cash rate to its lowest level in two years. The central bank cut the cash rate by 50 basis p..
Stockland Group says the value of some of its residential developments and UK assets has fallen, but it is on track to achieve its recent earnings guidance for 2012. The property developer said on ..
Australia's big four banks are unlikely to pass the full 0.5 per cent cut in official interest rates through to mortgage holders, analysts say. Westpac, ANZ, National Australia Bank (NAB) and the C..
DuluxGroup says a move to enlarge its market footprint makes sense as it launches a $188.4 million takeover proposal for garage door, construction products and cabinet and window products supplier, Al..
House prices are falling across Australia, and lower interest rates may not be enough to reverse the trend, economists say. Capital city house prices fell 1.1 per cent in the three months to March ..
Stocks to watch on the Australian stock exchange on Tuesday, May 1 AXE - ARCHER EXPLORATION LTD - up five cents at 40 cents BHP - BHP BILLITON LTD - up 66 cents at $35.55 The world's biggest ..
US stocks closed out April Monday with all three indices slipping lower, helped by weak US consumer spending data and ongoing worries about Spain and the eurozone. The Dow Jones Industrial Average ..
Mortgage holders can expect the Reserve Bank of Australia (RBA) to cut interest rates on Tuesday, it's simply a matter of by how much. Bank of America Merrill Lynch Australia chief economist Saul E..
The majority of troubled miner Kagara's 325 workers are likely to lose their jobs this week after it went into voluntary administration. Taylor Woodings administrators will try to keep the company ..
Spotless says the arduous process of dealing with a hostile takeover bid was a major factor behind the company accepting a $720 million offer from private equity firm Pacific Equity Partners (PEP). ..
The Australian share market closed stronger, driven by resource and banking stocks on the expectations of a cut in domestic interest rates and a soft economic landing in China. At 1615 AEST on Mond..
Credit provided to the private sector grew by 0.4 per cent in March, with a trend too slow to forestall an interest rate cut. It was the second consecutive 0.4 per cent rise in the indicator, which..
National Australia Bank will restructure its loss making business in the United Kingdom after it contributed to a 15.6 per cent fall in the group's first half profit. NAB's UK business posted a STG..
Origin Energy lifted production in the March quarter but the result has been marred by a cost blowout in its Bass Strait project. Origin said the improved production numbers were due to higher volu..
Australia's housing sector has called on the reserve bank to deliver a 50 basis point interest rate cut after a survey showed new home sales have fallen to their lowest level in more than a decade. ..
A roundup of trading on major world markets: NEW YORK - It took a while, but the Dow Jones industrial average finally regained all its losses for the month. On a day of conflicting signals, as i..
A hefty half a percentage point interest rate cut by the Reserve Bank of Australia (RBA) this week would give a much-needed boost to the nation's consumers, says Wesfarmers chief executive Richard Goy..
The Australian share market closed lower as worries about the Spanish economy and local consumer sentiment overtook a positive lead from Wall Street. Standard & Poor's lowered Spain's long-term..
